11 - 13 Oct 2023


China to build $20 billion ‘Industrial City’ in Central Region

ONEGO, an Investment Consulting Firm based in China, has begun negotiations with some key stakeholders to establish an ultra-modern industrial city in the Central Region.

The city would be built on 10,000 to 25,000 acres coastal lands with the capacity of accommodating more than 100 different manufacturing enterprises.

It would have a minimum capacity of generating 300,000 indirect and 50,000 direct jobs.

The project, scheduled for commencement in six months would add $2 billion to Ghana’s Gross Domestic Product (GDP), rake in $500 million revenue and $8billion volume of trade investments.

Mr Stephen Amoah, the leader of delegation of Chinese investors in an engagement with the Region’s House of Chiefs in Cape Coast on Tuesday said the project formed part of the Ghana Special Economic Zone initiative. via  @GBC Ghana Online